Mirabaud advises Spanish quoted renewable energy company Soltec on securing €100m financing agreement

Spanish listed leader in the renewable energy sector, Soltec, retained Mirabaud Advisors to secure the signing of a €100 million financing agreement with a credit fund advised by Incus Capital to fund its renewable asset management and exploitation business.

Seeking out renewables specialist Mirabaud to structure the deal, Soltec’s aim is to add value to and speed up the growth of Soltec Asset Management, its business division dedicated to the investment, exploitation, and management of renewable energy assets.

Mirabaud, with extensive experience in the renewable energy sector and, specifically, in financing operations, designed a competitive process and contacted several specialised debt funds, achieving very attractive terms for Soltec in terms of both, costs and conditions.

Soltec’s CEO, Raúl Morales, said: “This deal allows us to vertically integrate and to begin to enhance the real value of our renewable business, while providing us with the necessary funds to continue with our ambitious roadmap for the coming years”.